U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

www.bloomberg.com

480 million credit cards in circulation. U.S. credit card debt at $870 billion (the largest amount ever) as of the end of 2018. Credit card debt balances up $26 billion from the prior quarter. Overall debt at $13.5 trillion with credit cards as the fourth largest portion of consumer debt in the U.S. after mortgage, student loan and auto debt. 37 million credit card accounts with a 90+ days delinquent mark. When the crash happens - and it will happen - it's not going to be pretty.

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